“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” - HENRY FORD
[Wiki Monetary Reform Act]
Added 08/12/2009: The New Ownership Society: Federal Reserve Bank, U.S. Treasury, and the FDIC – FYI, We Already Own More Than you Think. “the irony with the TARP funds is they are getting a cheap loan on your back and if things get better, they pay it off and never are held responsible for their actions. What do you get? A pathetically low return if you are lucky to even see the money ever again.”
Dr. Housing Bubble quip: “I love this graphic from the Federal Reserve’s own website on Fed 101. It pretty much sums up the structure of our banking system (guess who’s on the bottom?):”
UPDATE 08/03/09: Rasmussen Reports™: 75% Favor Auditing the Federal Reserve “So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.”
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“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” Thomas Jefferson
UPDATE 11/19/2008: How Abolishing the Fed Would Change Everything
(UPDATE 11/01/2008: WASHINGTON TIMES: Incumbents paying for backing bailout “Both Republican and Democratic incumbents are under fire for backing the bailout.” )
10/14/2008: Intuitive Update
10/07/2008 SPECIAL UPDATE : Catherine Austin Fitts: E-mail to a Member of the Research Team at Goldman Sachs ”You and your colleagues have helped to build and manage a machinery that has committed treason and genocide on a breathtaking scale. The history of Goldman Sachs over the last two decades is living proof that it is possible to kill with a financial system and a pen.” (See also her blog: Financial Permaculture – Meet the Finance Team)
UPDATE 10/11/2008: The Bailout Money “Left the Country”: PART 1 and PART II Very informed video
`Make money your god and it will plague you like the devil`
English Novelist Henry Fielding
UPDATE 10/03/2008: HOUSE PASSES AIG BAILOUT! Here is Roll Call vote list. This is a travesty! If you agree, write your Congressperson if they voted yes and tell them they will be voted out next term!
Look, I at one time had a son addicted to drugs. Let’s hypothesize that he was the bread winner for the family, just for the sake of my case here. Would the rest of the family have felt obliged to continue feeding his addiction because of his “bread winner” status? Not! The rest of the family would carry on and take up the “bread” slack together. In reality, what I did as a mother was to take him with me into the desert for ten days straight while he convulsed and suffered for a short while, and it was hard for us to watch the pain, but it was over in ten days and he made it through and has been doing a healthy, productive life while respectful to himself and others since then. Had it gone the another way, such as denying his problem, I am convinced my son would have been discovered dead in a gutter somewhere and the family would have regretted forever not stepping in to do the right thing.
From my perspective, those who voted for this monstrous bailout (no matter what form) have gone into denial, greed for “bread”, or fear at the expense of the entire family structure (America) and may find us “dead in the gutter” once the initial Wall Street fix wears off. This is indeed a Travesty. The present administration may think this is a “victory” for Wall Street and their cronies, but I have a feeling that the blowback from the public and the Karma they have self-generated will dwarf any power they arrogantly parade around at the moment.
Complete List of Goldman Sachs’ and Comm. Bank Contributions to Political Figures (Center for Responsive Politics)
Senate Roll Vote on Financial Bailout Package
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(Original blog)
Topic includes:
Post Vote Updates
“We have learned, too, from our own as well as the experience of other countries, that golden shackles, by whomsoever or by whatever pretense imposed, are as fatal to it as the iron bonds of despotism. The presses in the necessary employment of the Government should never be used ‘to clear the guilty or to varnish crime.’ A decent and manly examination of the acts of the Government should be not only tolerated, but encouraged. “
From the Inaugural Address of President William Henry Harrison
Many of us have educated ourselves about the direction this Bush administration wants to take us and soundly call for Justice upon the disgraces we have had to suffer from the policies. With the AIG bailout debate, I have seen some members of Congress who actually have found their spine to rebel against this latest attempt to enslave We The People to this attempted Corporate Fascist Takeover. I want to list them here as I see them because they deserve the applause of We The People for taking a firm and strong stand on the issue. I am also compiling a list of leading economists who have come forth to educate us on the implications for We The People on this issue. These people need to be recognized by future generations in the history of the United States of America who are going the distance to Preserve and Protect our Nation.
The consensus among many, many economists is that without the bailout, yes, there will be difficulty for a year or so, BUT WITH this bailout would come a depression that would last for years and enslave us to Corporatism. Wall Street created the mess and taxpayers should not be trapped into thinking the bailout will allow this nation to continue to be a free nation! We shall not clean their mess, but we should clean their clock!
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Standing Ovations, please! (double that applause because as far as I can see, every House member on this list for the exception of Jackie SPEIER voted “NO” the second time).
In alphabetical order:
Congressman Michael Burgess (R-Tx): Martial Law Declared By The Speaker?
Congressman Peter DeFazio (D-Oregon) Concerned about the Bailout? Call 202/224-3121
Follow up after Senate passes: OREGON SHOULD BE PROUD OF THIS MAN!
Congressman Lloyd Doggett (D-Texas) Gold Plated Diamond Studded Bridge to Wallstreet
Congresswoman Virginia Foxx (R-NC): This Could Be The Day America Dies
Congresswoman Marcy Kaptur (D-Ohio): Americans + Bailout = REVOLUTION & “There Are Domestic Enemies To the Republic“
Congressman Dennis Kucinich (D-Ohio): And This Is The System We’re Saving!
Follow Up on Rachel Maddox Show: OHIO SHOULD BE PROUD OF THIS MAN!
Congressman Thaddeus McCotter (R.-Michigan) Bailout Plan! The House Aint Buyin It!!
Follow up after Senate passes AIG: MICHIGAN SHOULD BE PROUD OF THIS MAN!
Congressman Jim McDermott (D-Wash): King Henry deposing King George!
Congressman James Moran (D-VA): Get It Right!
Congressman Bill Nelson (Sen. D-FLA): This (bailout) is not the right answer!
Congressman Dr. Ron Paul (R-Texas) Price Fixing!
Post House Vote: TEXAS SHOULD BE PROUD OF THIS MAN!
Congressman Ted Poe (R-Texas) Ripoff of the American People!
Congressman Richard Shelby (Sen. R-Ala) Shares plea from 200 leading economic advisors
Congressman Brad Sherman (D-Ca): The Sky Is Still In the Heavens!
Follow Up Sherman Video: “A few were even threated with Martial Law in America!”
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Congresswoman Jackie Speier (D-Ca): Man-up, Bush! (All talk, no walk. Ms. Speier subsequently voted “YES” on the second round. She’s off the applause list.)
Economists, Economic Trends Analysts, Financial Investors/Market watchers
Timothy Canova, Prof. International Law, Chapman Univ (from Real News Network)
Gerald Celente: Trends Research Institute
Update 10/10/2008: Richard C. Cook: How To Save The U.S. Economy: “This system will create a grassroots “bottom-up” economic infrastructure to parallel the “top-down” Federal Reserve System which is collapsing. Transfers between local savings banks and the banks of the Federal Reserve System will be denominated in U.S. dollars with vouchers redeemed within the banking system.”
Karl Denninger, Former CEO of MCSNet: URGENT….STOP THE BAILOUT!
Catherine Austin Fitts: Solari Financial Advisor Our Next Brainstorm: Let’s Bail OUT OF Wall Street “The time has come to purge these people from our lives. How do we do it? Since our readers had such great ideas on the bumper stickers brainstorm (yes, we are making some!), we thought we would invite ideas on what to do now that Congress has given Wall Street another trillion dollars and a get out of jail free card.”
Andrew Gause: Monetary Historian
Ron Paul: State of the Economy Video Series.
Peter Schiff: Financial Advisor
Michael Shedlock: Registered investment advisor
Joseph Stiglitz, Economy Nobel Prize Winner: “…the current bail out plan for the U.S. financial sector would be ‘monstrous’ for US taxpayers.”
GOLD ANTI-TRUST ACTION COMMITTEE
……and many more in Congress and in the Financial World who honorably and morally oppose any AIG bailout!
To those in Congress willing to vote For this bailout: What will you say to YOUR constituents when you return home to campaign? If almost every leading economist in America is against ANY VERSION of an AIG Bailout, then those in favor can only be taken to be self-serving, bought off, and/or ignorant.
NATIONALIZE OR END THE FED!
Barack Obama and John McCain will not even address the illegal Fed. Res. (or any other serious questions citizens want to see addressed).
WE HAVE OPTIONS! CHECK OUT THE CANDIDATES THEY DON’T WANT YOU TO HEAR!
Nader/Gonzalez: Independent Party (Gonzalez video)
Baldwin/Castle: Constitution Party
McKinney/Clemente: Green Party
Ron Paul: Write him in
Barr/Root: Libertarian Party
ScrippsNews: Democrat, GOP stranglehold stifles third party candidates “Fact is, there’s hardly a dime’s worth of difference between Obama and McCain when it comes to dealing with the metastasizing credit crisis. Both supported the widely unpopular and apparently ineffective $700 billion bailout. Neither has a clue about what to do next. Some choice.”
[my comment: The "invisible" candidates are running statesman-like campaigns as well. I have heard none of them spewing division and hate....only unity and substance. Period.]
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“To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.” President Theodore Roosevelt
63% are against this takeover and 7% support (Drudge Report 09/22/2008) [newer polls 67%+ against and growing].
09/23/2008: Naked Capitalism: Congressional staffer writes, “ (O)n this issue, the calls and e-mails are making a difference. Members and staffers are talking about it in the halls and in meetings. The volumes are big….but they’re all individual. And they’re running 99-to-1 against.”
09/25/2008: NEW AMERICAN: Voter Outrage Against Mortgage Bailout
09/29/2008: Bill voted DOWN (1st round)! News From C4L Campaign For Liberty
House Roll Vote For AIG Financial Bailout
Congressman Dr. Ron Paul on the defeat of the Bailout
CNN COMMENTARY: Bankruptcy, not bailout is the right answer. “Talk of Armageddon, however, is ridiculous scare-mongering. If financial institutions cannot make productive loans, a profit opportunity exists for someone else. This might not happen instantly, but it will happen.’”
McClatchy Washington Bureau: Is The Bailout Needed? Many Economists Say “No”:
09/30/2008: Consumer Confidence Unexpectedly Improves in September
10/01/2008: CBS: Soldiers Headed To Iraq Worry About Economy ” ‘Watching Congress debate a bailout package frustrates ( Command Sgt. Maj. Julia) Kelly. ‘It’s hard to tell soldiers to be responsible when there’s an expensive plan to help Wall Street and banks out of their financial quagmire’, she said.”
10/01/2008 VIDEO JOHN MCCAIN: ” ‘ This is just a not acceptable situation. I’m not saying this is the perfect answer. If I were dictator, which I always aspire to be, I would write it a little bit differently. ‘ McCain has urged the Bush administration to bypass the will of Congress and invoke executive orders to pass the bailout bill, along with a further $1 trillion dollar spend on buying up bad mortgage debt.” [emphases mine]. (The man must be living a past-life regression or just doesn’t need to hide his real intent anymore.)
10/08/2008: Now I am seriously concerned about McCains’s Freudian slips: My “Fellow Prisoners”? (Dictator? Prisoner? ) Scary. [one other thing---why is McCain now accompanying his VP pick on news shows now? Seems alot like when Cheney and Bush demanded to be interviewed together secretly and without transcripts when they were each given a subpoena to testify in the 911 "investigation" ? Tweedle Dee and Tweedle Dum all over again!]
10/01/2008: Asian Markets FALL, Banks VOLATILE…..AFTER Senate approved “revised” AIG BAILOUT “Asian markets tumbled after the Senate approved the revised bailout package.” [The Senate may have just placed the straw that breaks the camel's back unless the House rallies for We The People once again. Any psychological gains made by Wall Street will be brief.]
10/02/2008: TIME MAGAZINE COM VID: PROTESTING THE BAILOUT! “On Wall Street, activists and culture jammers protest the governments proposed financial bailout”
10/04/2008: The Truth About the Bail Out - Lou Dobbs on CNN
10/04/2008 ARKANSAS INDYMEDIA: NAOMI WOLF: Has Sarah Palin Been Picked as the Titular Head of the Coming Police State? “I believe the Rove-Cheney cabal is using Sarah Palin as a stalking horse, an Evita figure, to put a popular, populist face on the coming police state and be the talk show hostess for the end of elections as we know them. Palin, not McCain, is the FrankenBarbie of the Rove-Cheney cabal. The strategy became clear.“ (Click here for Naomi’s “Give Me Liberty” Interview)
10/05/2008: Bailout denounced as it passes Congress
10/05/2005: 60 Minutes: A Look at Wall Street’s Shadow Market (2 parts)
10/06/2008: Washington Post: Rescue plan disappointment contributes to sell-off “The government’s $700 billion rescue, aimed at rebuilding economic confidence, appeared to sound a global alarm instead…”
Learn about the HISTORY OF THE MONEYCHANGERS (22 parts total min.: 216)
10/29/2008: Andrew Napolitano: Presidents Ignoring Constitution
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09/28/2008: Linda Moulton Howe at Earthfiles has provided the full text of the September 29, 2008, draft bailout bill along with contact numbers, as below:
White House Comment Lines:
Ph: 202-456-1414
FAX: 202-456-2461
US Capitol Switchboard Toll-free:
1-866-340-9281
1-866-220-0044
1-800-450-8293
1-877-851-6437
1-800-833-6354
1-888-355-3588
1-866-808-0065
1-877-762-8762
1-800-862-5530
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NYSE Announces Fourth-Quarter 2008 Circuit-Breaker Levels
Level 1 Halt
A 1,100-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.Level 2 Halt
A 2,200-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.Level 3 Halt
A 3,350-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Post House vote against: 09/28:
09/29 DOW: DWN 777 pts.
09/30 DOW: UP 485 pts.
10/01 DOW: DWN 19 pts.
Post Senate passage 10/01:
10/02 DOW: DWN 348 pts.
10/03 DOW: DWN 157 pts.
10/06 DOW: DWN 369 pts.
10/07 DOW: DWN 508 pts.
10/08 DOW: DWN 189 pts.
10/09 DOW: DWN 675 pts. (Got Pitchforks?)
10/10 DOW: DWN 128 pts. (Got torches?)
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Prior related blogs
Dreaming the Stock Market Blues Part I (Aug. 07 2007)
Dreaming the Stock Market Blues Part II (Sep. 04 2008)
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10/14/2008: An intuitive “flash” just came to me: We’ve been watching Republician strategists and commentators marching in droves to MSM TV studios to ridicule and denounce their own party candidate’s campaign. They seem to want to be on the record that they want to distance themselves from candidates McCain and Palin in a big way. There’s something surreal about this, and my intuition is telling me that they are aware that something is planned to “go down” just before or during the election process and they want to distance themselves as much as possible so they aren’t counted in the accused list down the line. McCain’s campaign also seems to have been making efforts in their rally’s to fire up the crowds even to the point of hate speech. All this is occurring in the midst of a worldwide financial crisis brought on by the greed and lust for power by the usual suspects. I have no doubt that a plan is in place to railroad the elections and call for Martial Law, BUT IT WILL NOT HAPPEN because We The People have Awakened big time and there is more than financial panic going on here. They are panicked because enough of us are wide awake and aware of the Powers That Be who have hijacked our American government and a False Flag terror scheme is all they can fall back on in an attempt to subdue. It will not work [or get off the ground high enough for mass attention]. That’s what I am hearing in my “thoughts” now. It will not work because enough of us are prepared now to point our gaze toward Washington D.C.
‘Thought takes man out of servitude, into freedom’ Henry Wadsworth Longfellow
